B.—i [Pt. IV, Sup. B]

59

PUBLIC SERVICE SUPERANNUATION FUND. Revenue Account fob the Year ending 31st March, 1924. £ s. d. £ s. d. Amount, of fund at beginning of year 1, 127 l(i 4 Retiring-allowances— Members'contributions under section To members .. .. .. 225,376 3 4 2!) (ordinary) .. .. .. 219,525 5 3 To widows and children .. .. 15,204 210 Transfers from other superannuation Contributions returned— funds .. .. .. .. 93 1 1 Under section 46 (an) (left service).. 44,644 3 9 Government subsidy .. 86,000 Under section 42 (death) .. 6,546 1.1 2 Government subsidy (addi- Under section 32 (ee) .. . . 322 510 tional) .. .. 50,000 Under section 32 (/) .. .. 596 I 11 — 136,000 0 0 Under section 38 (retirement) .. 1,125 17 0 Interest .. .. .. .. 113,607 15 4 Interest, section 2, Amendment Act.. 108 18 1 Fines, &c. .. .. .. 970 15 9 Contributions to other superannuation funds, section 48 .. .. 68 0 6 Expenses— Salaries .. . . .. 2,622 19 5 Office expenses .. .. .. 277 12 6 Public Trustee's charges .. .. 2,840 4 5 Modical fees .. . . .. 61 19 0 Audit foes .. .. .. 50 0 0 Post Office charges .. .. 50 0 0 Heating and lighting .. .. 28 14 9 Cleaning .. .. .. 100 17 4 Rent .. .. .. .. 120 0 0 Messenger service . . . . 75 0 0 Board members' election expenses 2 2 0 Balance as at 31st March, 1924 .. 2,039,042 19 11 £2,339,324 13 9 £2,339,324 13 9 Balance-sheet am at 31st March, 1924. Liabilities. £ s. d. Asset*. £ s. d. Superannuation Fund Account— Amount invested by the Board .. 2,007,706 10 4 Balance from Revenue Account .. 2,0)9,012 19 II Contributions due, in course of transRetiring and other allowances due, in mission . . .. . . 15,387 0 3 course of payment— Interest due and accrued .. .. 34,040 12 0 To members .. .. .. 2,507 16 0 Cost-of-living bonus recoverable (ConTo widows and children .. .. 154 19 5 solidated Fund).. .. .. 15 3 4 Refunds of contributions due, in course Bank Account .. .. .. 42,401 5 7 of payment— Balance in hand of Public Trustee .. 15,761 4 7 Under seotion 46 (act) (left service).. 1,230 311 Rates and taxes paid on account of Under soctions 42 and 43 (death) .. 834 II 8 mortgagors (recoverable) .. 51 18 6 Undor section 32 (ee) .. .. 016 4 Retiring-allowances recoverable (Marine Expenses duo, in course of payment— Department) .. .. .. 85 12 2 Office expenses . . .. .. 15 18 I Public Trustee's charges .. .. 860 0 4 Heating and lighting .. .. 10 8 Rent .. .. .. .. 30 0 0 Contributions paid in advance or in error .. .. .. .. 4,563 13 0 Valuation fees due to Valuation Department .. .. .. 4 110 Unclaimed Account (contributions, &c.) 1,090 12 4 Post Office Account .. .. 1,200 6 7 Balance, Government subsidy* .. 01,500 0 0 £2,110,109 12 9 £2,116,109 12 9 * The Government subsidy is paid in January of oieli year. Owing to the change in the date of the financial year, to «how the true position of the fund it is necessary to state this item as a liability. Subsidiary Account. Cost-of-living Bonus paid to Annuitants of the Public Service Superannuation Fund on behalf of the Treasury. £ s. d. | £ s. d. To Amount disbursed for period Ist | By Amount received from Treasury .. 16,391 9 4 April, 1923, to 31st March, 1924 10,100 12 8 . Balance due .. .. 15 3 4 £16,400 12 8 ! £16,400 12 8 William M. Wright, Secretary, R. S. Wogan, Accountant, Public Service Superannuation Board. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.